UBS Group assumed coverage on shares of Bentley Systems (NASDAQ:BSY - Free Report) in a research report released on Monday, MarketBeat.com reports. The firm issued a neutral rating and a $48.00 price objective on the stock.
Other analysts also recently issued research reports about the company. Piper Sandler lowered their target price on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. began coverage on Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price objective for the company. Oppenheimer downgraded shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $62.00 price target on shares of Bentley Systems in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $55.13.
View Our Latest Stock Analysis on Bentley Systems
Bentley Systems Stock Up 1.6 %
Shares of BSY traded up $0.64 during mid-day trading on Monday, hitting $41.13. 1,701,789 shares of the company's stock were exchanged, compared to its average volume of 1,254,208. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems has a 52 week low of $38.66 and a 52 week high of $57.19. The company has a market cap of $11.99 billion, a PE ratio of 37.05, a P/E/G ratio of 3.52 and a beta of 1.04. The company has a 50-day simple moving average of $44.23 and a 200 day simple moving average of $47.03.
Bentley Systems Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Wednesday, March 19th. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's payout ratio is currently 38.36%.
Insider Transactions at Bentley Systems
In related news, Director Keith A. Bentley sold 1,152 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the transaction, the director now directly owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 21.12% of the stock is owned by corporate insiders.
Institutional Trading of Bentley Systems
A number of institutional investors have recently bought and sold shares of the business. Swedbank AB raised its position in shares of Bentley Systems by 36.5% in the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company's stock valued at $327,242,000 after buying an additional 1,873,029 shares in the last quarter. Impax Asset Management Group plc raised its holdings in Bentley Systems by 41.9% in the 4th quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock valued at $115,719,000 after acquiring an additional 736,369 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Bentley Systems by 591.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company's stock valued at $26,446,000 after acquiring an additional 475,361 shares during the period. Sone Capital Management LLC bought a new stake in shares of Bentley Systems during the 4th quarter valued at $17,884,000. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Bentley Systems during the 4th quarter worth $14,929,000. Institutional investors own 44.16% of the company's stock.
About Bentley Systems
(
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Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.
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